• Jiji, Kyodo

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The construction of what will become Japan’s tallest building is slated to be completed in a redeveloped district near Tokyo Station in fiscal 2027, Mitsubishi Estate Co. said Thursday.

The company also said the district will be called Tokyo Torch, with the building itself being named Torch Tower.

The 390-meter tower will surpass the 300-meter Abeno Harukas in the city of Osaka, currently the highest skyscraper in the country.

The new building will have 63 floors above ground and four below, with a total floor space of 544,000 square meters, more than three times that of the Marunouchi Building, an existing landmark near Tokyo Station.

The seventh to 53rd floors will be used for offices. Higher floors will include an observation deck — where visitors can view Mount Fuji — and a luxury hotel, while a large hall with about 2,000 audience seats will be located in a lower part.

The building name, Torch Tower, reflects a hope that it will brightly illuminate Japan, according to Mitsubishi Estate. Its exterior will have torch-inspired designs.

Total costs for the building project are put at about ¥500 billion.

The planned skyscraper is part of a development project that will see three other buildings and a 7,000-square-meter plaza built in a 31,400-square-meter area near the Marunouchi business and commercial district.

“By adding a new attraction, we will shape Marunouchi into a district that will be chosen (by businesses),” Mitsubishi Estate President Junichi Yoshida said at a news conference Thursday.

As part of a skyscraper project by Mori Building Co., a 330-meter-tall building is scheduled to be completed in central Tokyo in 2023.

The world’s tallest building is 828-meter Burj Khalifa in the United Arab Emirates.

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